Landmark Capital is pleased to announce the closing of a $20,000,000 revolving line of credit for a large, active southern California land developer. The Sponsor’s goals were to structure a flexible, cost-effective credit facility to provide operating liquidity and help capitalize future acquisitions. Developing a broader banking relationship was also a defined priority.
Landmark identified a regional bank comfortable with the Sponsor’s cash flow and entitled land as the primary collateral. The secured revolver further allows for substitution of collateral during the loan term, thus providing the Sponsor with increased flexibility.